UK

The LINK scheme processes an average of 4 million cash withdrawals and balance enquiries every day and ATMs account for around 90% of cash acquisition in the UK. Here’s five things you ought to know about LINK from their just published annual report.

Elsewhere on the Web provides updates and links to articles related to cash, money and payments curated on the web.

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year.

Proposals from the financial services watchdog to protect and widen cash access are "a good start but could go further" argues the Federation of Small Businesses. Cash infrastructure should be considered a public good.

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year. 

For the first time in a decade, U.K. cash payments at the point of sale have increased as consumers turn to cash to better manage their budget during the cost-of-living crisis.

Latest YouGov findings reveal 71% of the British public would support making it a legal requirement for businesses to accept cash.

The Financial Services and Markets Bill 2002 is expected to gain Royal Assent –and therefore become law- in early summer 2023. The Bill includes measures impacting the U.K.'s wholesale cash distribution.

The Financial Services and Markets Bill 2002 would allow HM Treasury to designate firms to be subject to oversight to ensure the continued provision of cash services. The Bill would also give the Bank of England powers to oversee the wholesale cash industry.

Elsewhere on the Web provides links to articles on cash, money, and retail payments.

Mastercard is facing a £14 billion class action lawsuit over interchange fees, after a failed appeal was denied by the Court. If successful 46 million claimants could receive £300 each.

Barclays is providing free cash access via local retailers and small businesses. Customers of all banks will be able to make free withdrawals from 1p up to £100, including non-round amounts. Companies offering the service will receive a payment for every transaction processed.